cvn

Profex Raises $15.5 Million in VC Funds

Filed in archive Venture Capital on August 27, 2008

PE Hub is reporting that Shanghai-based Profex Inc. has gotten hold of $15.5 million in first round venture capital funding.

Profex is a dermatology startup in China. The funding round was co-led by trident Capital and its Chinese affiliate Mustang Ventures.

Trident Capital estimates that dermatology and skin care market in China is worth $1.3 billion and is growing by 20% per year. Trident Capital has about $1.5 billion in funds currently under management.

Mustang Ventures has 10 years of investment experience in China and is focused on early stage development.

Profex Raises $15.5 Million in VC Funds
© (nutmeg)




Permalink: Profex Raises $15.5 Million in VC Funds

Tags: Profex  china  skin  care  dermatology  profex  venture+capital  million+funds 

Vote for Profex Raises $15.5 Million in VC Funds:

  • Currently 10.00/10
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
Rating: 10.00 out of 2 vote(s) cast.
 
Share It
RSSrss
Google google
Yahoo! yahoo
Addthis Subscribe using any feed reader!
Bloglines Bloglines
TwitterFollow us on Twitter!
Tagcloud
Most Popular   Agreement   Best of   Blogs   Book review   Commodities   Conferences   Did you know   Entrepreneurship   Incubators and Science Parks   Information Sources   Innovation   Internet   IPOs   Law   M&A   Mergers and Acquisitions   Misc   News   Outsourcing   Policy